Platts Snapshot

Electric vehicles, renewables to re-order global energy supply chains

Despite US shale, global oil supply chains remain dominated by geography, while OPEC’s current strategy is reasserting dependence on an unstable Middle East. S&P Global Platts' Ross McCracken explains how the electrification of transport based on renewables could short- circuit this insecurity by localizing energy production and consumption. It would move energy provision from a just-in-time model based on international supply chains to a more long-term cycle of capital investment in local infrastructure, with profound implications for security of energy supply and international relations.

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